Legal Funders, US Chamber Weigh In On NYC Bar Study

Law360 (June 4, 2019, 9:50 PM EDT) -- Litigation funders in the de facto capital of the growing industry have urged the New York City bar to broadly endorse the ethical foundations of its deals, while their leading critic has called on the bar not to “immunize” unethical fee-splitting.

The lobbying has come as a bar working group has gathered public input on a range of key issues for third-party legal investment, including whether disclosures of funding deals in court should be mandatory and the potential for ethics rules changes and new regulation.

While the goals of the bar's work remain murky, at least some industry leaders said they...

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